#中心化与去中心化交易所

Analysis of Centralized and Decentralized Exchanges (CEX vs DEX)

Centralized exchanges (CEX) such as Binance and Coinbase host assets and facilitate trading through the platform, offering a user-friendly interface, high liquidity, and fast trading speeds, making them suitable for beginners and high-frequency traders. However, assets must be stored on the platform, which poses risks of hacking or fund freezing.

In contrast, decentralized exchanges (DEX) like Uniswap and PancakeSwap facilitate trades directly on-chain through smart contracts, allowing users to control their assets without third-party custody, which is generally safer and more transparent. The downsides include a higher operational threshold, slower trading speeds, and insufficient liquidity for some smaller tokens.

Overall, CEX is suitable for stable operations, while DEX emphasizes trustlessness and autonomy, allowing users to choose flexibly based on their needs.